5531 Cannes Cir, #201, Sarasota, FL, 34231 | $1,399,000

Prime waterfront location 3-bedroom 2-bath 2, 024 square foot condo in resort like setting of Phillippi Landings. Boater’s dream with private boat docks available! Completely renovated and updated in 2022/23 from top to bottom with no expense spared by an award-winning design team. This corner/end unit is one of the largest and best situated in the complex. Enjoy panoramic water views from three sides of this gorgeous modern condo boasting imported Legno Bastone wide-plank, black walnut, and marble floors. Custom solid-walnut cabinets, stone agate counter tops, and European designer fixtures and lighting. Expansive bay windows grace the kitchen / desk and living room areas. All windows are equipped with Hunter Douglas electric blinds / shades with black-out in bedrooms. Ten-foot ceilings and eight-foot solid core doors throughout. Gourmet kitchen featuring professional grade Thermador appliances, including two 30-inch refrigerators w/freezer, built-in microwave and oven, and convection cooktop. Master bed and bath includes spacious walk-in dressing room and closet with custom built-in cabinets, separate his / her vanities, soaking tub, shower, and enclosed toilet. Custom designed and built walnut entertainment center with 65” flat-screen TV and electric fireplace. In addition to the spacious interior, this unit is one of only two in the building to have a large, screened patio plus 2, 000 square feet of additional private outdoor waterfront terraces. These two expansive terraces provide ample areas for sun or shade and cool breezes off the water for relaxation and added privacy throughout the day. The second and third bedrooms have doorways that open to the north terrace. Designer furniture and furnishings are available for additional consideration. Ample parking including a private oversized one-car garage under the building with electricity and room for bike storage, workbench and more. The elevator and stairs are located close to the condo entrance. Nothing was overlooked during the renovation, including a new 6-ton HVAC roof-top unit and interior air handler, complete water-sealing of all exterior windows and doors, and sealing, stucco finish and epoxy resurfacing of the garage interior. Security system with remote video cameras located throughout the unit and garage. The seller owns four adjoining boat slips in the community marina and has submitted plans for permits to combine into one large dock with 14, 000 lb. lift for up to a 40’ boat, plus a lift for personal watercraft and will sell those for an additional price. Phillippi Landings is a short drive to the world-renowned Siesta Key Beach and a short unobstructed (no bridges) boat ride to the Gulf of Mexico. Association amenities include kayak storage and launch, fitness center, club house, resort-style swimming pool and jacuzzi, waterfront walking path, and more. This unit is priced for sale at below owner’s investment.

Features

  • Elevator: Y
  • Heating: Electric
  • Cooling: Central Air
  • Levels: 8
  • Amenities: Cable TV, Clubhouse, Elevator(s), Fitness Center, Gated, Maintenance, Pool, Spa/Hot Tub
  • Rooms: 10
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Inside, Laundry Closet
  • Complex: PHILLIPPI LANDINGS
  • Year Built: 2006
  • Approx Sq. Feet: 2,024
  • Est. Taxes: $7,261
  • Condo Fee: $2,800 Quarterly
  • View: Water
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Riverview High
  • Pet Policy: Yes
  • Appliances: Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer
  • MLS#: O6186349
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/O6186349/5531cannescir_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/13/2024 10:02:10 PM)
Listing courtesy of COGAN REALTY LLC   Phone: 407-865-7111

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5531 Cannes Cir, #201, Sarasota, FL, 34231

$1,399,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,119,200 $1,119,200 $1,119,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.875% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.877% 6.977% 7.041%
Monthly Tax Payment $605 $605 $605
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,635 $7,352 $9,982
Total Monthly Payment $8,365 $8,082 $10,712

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.